Visa Platinum Plus Disclosure

On the record for Visa Platinum Plus Disclosure: a 10.8% purchase APR and no annual fee, filed by Americas First Federal Credit Union. Against the 4,587 filings on this site, that rate lands around the 6th percentile.

On the face of the filing

Americas First Federal Credit Union submitted the terms for Visa Platinum Plus Disclosure to the CFPB's agreement database; this is what they contain. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, a balance transfer rate, an annual fee line, a late payment maximum and a grace period. It is silent on a cash advance rate, a penalty rate and a foreign transaction fee.

The filing bundles multiple products into one disclosure table. Any figure quoted here may describe a related card in the same filing, so the PDF should be read before treating these numbers as this card's own.

The purchase rate in context

The purchase APR of 10.8% places this agreement around the 6th percentile of the set — it reads as inexpensive against the rest of the filings.

Translating the rate into money

Carry $2,500 on this card for a year without paying it down and the purchase rate alone generates roughly $285 in interest.

Measured against the 21.99% corpus median, the same $2,500 costs approximately $330 less per year here.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Default pricing

$27 is the disclosed ceiling on a late payment fee, placing it near the 45th percentile of the set.

What the card costs before you borrow

The annual fee is $0. Roughly 75% of filings here that state a fee state zero, so the absence of one is unremarkable in this market.

The filing discloses a 10.8% balance transfer rate without an accompanying fee figure.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

No minimum interest charge is imposed, so a cycle that accrues a few cents of interest is billed a few cents.

Against the rest of Americas First Federal Credit Union's filings

11 separate Americas First Federal Credit Union filings appear in the corpus. Their disclosed purchase rates run from 7.8% to 14.8%, and this one at 10.8% is more expensive than 2 of them.

4 of the issuer's other 5 disclosing filings are likewise fee-free.

The limits of this document

This page cannot tell you anything about cash advances, a foreign transaction fee and penalty pricing, because the filing's disclosure table as read does not contain them.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

The document itself

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The purchase rate of 10.8% is one of the cheaper figures in this index — the central point in the agreement's favour. And because the filing covers several products in one table, even the figures that are right may belong to a different card.